Analysts at StockNews.com initiated coverage on shares of Old Point Financial (NASDAQ:OPOF - Get Free Report) in a report released on Thursday. The brokerage set a "hold" rating on the bank's stock.
Old Point Financial Stock Performance
Shares of Old Point Financial stock traded up $0.01 during trading hours on Thursday, hitting $24.41. 925 shares of the company were exchanged, compared to its average volume of 3,375. Old Point Financial has a 1 year low of $13.49 and a 1 year high of $28.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $24.29 and a 200-day moving average of $20.71. The stock has a market capitalization of $124.00 million, a price-to-earnings ratio of 15.26 and a beta of 0.26.
Old Point Financial (NASDAQ:OPOF - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.57 EPS for the quarter. Old Point Financial had a return on equity of 7.38% and a net margin of 9.47%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. Eastern Bank acquired a new stake in Old Point Financial in the third quarter valued at $57,000. Empowered Funds LLC boosted its stake in shares of Old Point Financial by 5.4% during the third quarter. Empowered Funds LLC now owns 18,442 shares of the bank's stock valued at $356,000 after acquiring an additional 938 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Old Point Financial by 1.6% during the third quarter. Geode Capital Management LLC now owns 45,205 shares of the bank's stock valued at $874,000 after acquiring an additional 693 shares during the last quarter. Finally, Fourthstone LLC boosted its stake in shares of Old Point Financial by 44.9% during the third quarter. Fourthstone LLC now owns 81,594 shares of the bank's stock valued at $1,576,000 after acquiring an additional 25,273 shares during the last quarter. Institutional investors and hedge funds own 33.43% of the company's stock.
About Old Point Financial
(
Get Free Report)
Old Point Financial Corporation operates as the bank holding company for The Old Point National Bank of Phoebus that provides consumer, mortgage, and business banking services for individual and commercial customers in Virginia. It offers deposit products, including interest-bearing transaction accounts, money market deposit accounts, savings accounts, time deposits, and demand deposits.
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